Post Market Read - Check Trading Strategy in Market Time ----------------------------------------------------------------------------------------------------------------------------------------- It was 08:30 IST -15th July 2018 - Everyone was excited for Fifa World Cup 2018 Final Match between France & Croatia- Underdogs. I hope most of us watched the final match & if not you should atleast watch the video of 2nd half where france goalkeeper - Hugo lloris made a big mistake & gifted Croatia much needed goal to keep them alive in the match, for which he was scolded by fans on social media after that shocking mistake.
Risk Management Why risk management is important because it helps you to recognize your ruin points or level where trader could go wrong. One of the ruin level which I have been shouting for last few updates was 595 - Danger Level & if you don't recognize your ruin level your condition would be similar to our friend goal keeper - Hugo lloris, who failed to recognize his ruin point & gifted a goal to underdogs. ---------------------------------------------------------------------------------------------------------------------------------------- Review of last update - Butterfly Fall from 635 to 602 - Bat Comes Next@600
Safe Traders were asked to buy only above 613 levels & if you watch price movement carefully -you would have known that it went to 611 levels & turned sharply down -going below the ruin or danger level - 595
What happened post 595 levels Below 595 levels -Auro was fast & furious to visit yet another important level of 565 which I have highlighted some 10-12 updates back when 565 used to be our important level - 565 holded again as lows@17th July 2018
What Next - Trading Strategy -------------------------------------------------------------------------------------------------------------------------------------------- Critical Level - 565 Key Level - 573
Plan 1 - Buying in the zone 573-576 for Upside Target Zone - 587 - 590
Plan 2 - Selling in the zone 587 - 590 - If you see Auro stopping or facing resistance in that zone with strict stops above 595 for downside target of 575 - Below 573 for 565 - Below 565 for 560 -----------------------------------------------------------------------------------------------------------------------------------------
Would love to have your comments.
İşlem aktif
11:16 Hrs 17th July 2018
Last Price@ 582
Just Came to our buying zone at 577 & Boom - Plan 1 Moves
İşlem aktif
12:06 Hrs 17th July 2018
Last price@581.50
Recent High@585.50
Close to zone of 587-590 - let us book partial profit & stay out for some while.
İşlem aktif
12:23 Hrs 17th July 2018
Last Price@580
Exited at 581.50 as suggested above & if it falls to 573 -576 zone next -holding 573 -that means not going below 573 - It may push upside again for 587-590 target zone.
İşlem aktif
12:29 Hrs 17th July 2018
Last Price@580.50
I am very clear in trading strategy - either you buy in the zone 573 -576 keeping strict stops below 573 as per plan 1 and
Sell only between 587 -590 zone if you see Auro getting resistance with strict stops above 595 Both plans have been mentioned in main update as "Trading strategy"
Trading in between -is always risky & one should trade only if you are risky trader - rest safe traders should wait for their turn.
As every one gets their turn. Don't Hurry - Be Happy.
İşlem aktif
12:59 Hrs 17th July 2018
Last Price@579.75
Risky Buy Call -
Moving above 580 & holding above 580 -likely it continues upside for 587-590 zone as per main update.
İşlem aktif
13:16 Hrs 17th July 2018
Last Price@582.50
Temporary level - 577 - Why ?
Here we go upside in a risky buy call as Auro took U-turn twice from 577 levels & I updated at 580 levels just 20 mins back.
İşlem aktif
14:21 Hrs 17th July 2018
Last Price@582.50 - Book Partial Profits
If it fails to go above 585 -586 this time that means resistance so we will plan this time to sell close to 584-586 zone taking care that it holds on top Hope, you enjoyed the show.
Bank Nifty Also looks weak below 26900 levels -sustained below 26900 can be early signal for the fall to 26650 - 26550 Targets downside.
Have a nice day ahead.
İşlem aktif
23:16 Hrs 17th July 2018
Hi all, It was exciting to trade intraday today before closing for the day we sold close to tops of 585-586 & got short down move again to 581- 582 levels.
585-586 was the resistance zone so any move in next trading session should be extending the upside move & we remain bullish for 18th July 2018 if Auro holds above 585 - 586 zone.
İşlem aktif
10:22 Hrs 18th July 2018
Last Price@582
Good Morning!
585-586 did not hold & Auro slipped to 578.90.
Recent fall to 578.90 was slightly above temporary support@577 - so unless that breaks positive bias is intact or you get bounce again to 587 -590 zone
İşlem aktif
10:30 Hrs 18th July 2018
Last Price@582
Kindly do not get confused in trading - we are in Plan 2 at present which has taken support at 577-579 zone which was our minor support yesterday
So any move below 577 shall contine down to 573 -575 target & below 573 for 565 & lower as mentioned in main update above.
Risky Traders always look to trade multiple times so I suggested holding 577 look for upside few points else Safe Traders - Plan 1 was done at 587 & Plan 2 is active for downside targets.
İşlem aktif
11:07 Hrs 18th July 2018
Last Price@582.15
Do not forget to sell close to tops in 585-587 as per Plan 2 - If missed then sorry -you should read the Trading Strategy & plan accordingly.
In between I will move as moves giving you temporary support or resistance to take small move as well.
I repeat below 577 - it continues down & you may see good downside move but it is always advisable to trade from start levels like buying from 577 yesterday to 587 -Plan1 & Selling from 587-590 -Plan 2 ( It did not hold 585-586 -which was updated overnight for bullish scenario)
İşlem aktif
11:20 Hrs 18th July 2018
Last price@585-586
Risky Buy Call done from 580-581 holding 577 as stops - book profits in risky buy & out.
İşlem aktif
11:31 Hrs 18th July 2018
Last Price@587
Do not jump in the selling trade immediately - first let market jump - we jump or follow later - feel the market & it will take you for a beautiful journey downside. Careful it should start falling below 585 -586 zone.
İşlem elle kapatılmış
11:45 Hrs 18th July 2018
Last Price@583.50
4 Bucks down - we are in the bear camp --- can you believe we had this plan done yesterday that buy for 587 & sell between 587 -590 -------- Awesommmmmmmmmmme
We close the post. Kindly manage your risk properly & trade happily.
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